Gold and silver are not investments, they are disaster hedges. If fiat currencies go south as many of us believe they will, it’s worth betting that gold and silver will come to matter a great deal.
Physical metals, not stocks, ETFs or paper that says someone else is storing your metal for you.
What would my 10 dollar T-note purchased in 2003 be worth today?
Right...fiat bucks are “legitimately strong”...sure thing.
So if “everyone” says gold is dead, is that kinda like “everyone” says global warming is real?
date ______?
Bar of gold for gold trebuchet, in exchange for a cord of wood.
...generally written by someone who wishes he had some gold. This train of thought is exactly what the “sour grapes” fable was referencing.
There is a silver lining (LOL) — when gold goes down, those who have none have opportunities to acquire some. Maybe some of the more astute will do so.
“Obituary” for gold? Are you kidding me?
Goldbug ping.
So the author disagrees with Alan Greenspan, and considering gold as a “commodity” like all others misses some history. But commodities do trend down in an economic downturn, doesn’t everybody know that?
Executive Order 6102 is a United States presidential executive order signed on April 5, 1933, by President Franklin D. Roosevelt "forbidding the Hoarding of gold coin, gold bullion, and gold certificates within the continental United States".